Mutual of Omaha Mortgage is proud to announce the launch of its latest financial product, SecureEquity, aimed at providing comprehensive solutions for its clients. Alex Pistone, the president of the company’s reverse division, emphasized the importance of this product, stating, “With SecureEquity, we are thrilled to introduce a product that not only reflects our commitment to our clients but also extends Mutual of Omaha’s legacy of trust built over 116 years.”

Product Overview

SecureEquity shares many characteristics with the Federal Housing Administration’s Home Equity Conversion Mortgage (HECM). Key terms include:

• The borrower must occupy the home as their primary residence.
• Ongoing payments for property taxes, homeowners insurance, HOA fees, and maintenance costs are required to maintain good standing on the loan.

Clients can begin with an initial consultation, followed by an application and qualification process. An appraisal of the home will determine the final loan amount, potentially exceeding FHA limits, leading to the closing and funding of the loan. Importantly, SecureEquity does not require monthly payments from borrowers.

Broker Protection Program

In addition to SecureEquity, Mutual of Omaha Mortgage has launched a broker protection program as of October 2024. The program benefits company-approved brokers and principal agents with five core protections, notably:

• A commitment that the lender will not solicit borrowers already within the broker network.
• Exclusion of broker-network borrowers from outbound marketing campaigns by the company.

Market Position

As of 2024, Mutual of Omaha has achieved a significant milestone, emerging as the leading HECM lender in the U.S. on a per-unit basis. According to data from Reverse Market Insight (RMI), the company recorded an impressive 6,224 HECM endorsements in the 12 months leading up to February 2025.